HOW TO CALCULATE ECONOMIC GROWTH: (note, this is just an example)

           With regard to the project due Tuesday, what is the average or expected length of the deliverable? Is this a few page,  i.e. 2 or 3 pages including charts, or much lengthier?
           2-3 pages should be just fine.

           I have a couple of questions on the project:
           Question 1
           1. Is the 'real GDP(1992$)' series the correct one to use for economic growth?
           YES. TAKE THE PERCENTAGE CHANGES IN REAL GDP, AND YOU HAVE ECONOMIC GROWTH.  ALSO, THE REAL GDP NUMBERS MAY ALSO BE EXPRESSED IN 1996 DOLLARS, BUT AS LONG AS YOU SEE "REAL" IN FRONT OF GDP YOU GOT THE RIGHT SERIES.  HOWEVER, THERE IS NO NEED TO SEARCH FOR THE SERIES, I HAVE ALREADY PROVIDED THE RAW SERIES IN AN EXCEL FILE (SEE THE PROJECT PAGE).
           2. In converting the 'real GDP(1992$)' series to annual there are three choices:
           A. Make annual by taking quarterly averages
           B. Make annual by taking quarterly totals
           C. Make annual by taking last quarter of year
           Do you have a preference for which option we use?
           SINCE THE QUARTERLY REAL GDP NUMBERS ARE ALREADY ANNUALIZED, OPTION B IS NOT
           APPROPRIATE.
           I RECOMMEND USING OPTION A.